Crypto currency may render recognised money untraceable: Delhi HC

The Delhi High Court on Monday said dealing in crypto currency has profound implications on the country’s economy by way of “dissolution of recognised money into the dark, unknown and untraceable money”.

Justice Girish Kathpalia therefore denied bail to a businessman in a corruption case related to crypto currency.

“Dealing in crypto currency has profound implications on economy of our country by way of dissolution of recognised money into the dark unknown and untraceable money. The allegations against the accused in this multi-victim scam are quite…